Pillow & Grand And Jeremy Conway Of Arden Group International Acquire Package Deal In Upper East Side For $3.2M

This transaction involves a package deal consisting of multiple properties located at 215 East 89th Street, 217 East 89th Street, 333 East 85th Street, 335 East 85th Street, and 339 East 85th Street in the Upper East Side market. The sale price was $3,201,026 for a total of 8,500 square feet, resulting in a price per square foot of $376.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $3,201,026
• Buyer: Pillow & Grand; Jeremy Conway - Arden Group International
• Seller: Lmk 85 - Alex Vaysbaum, Esq.
• Buyer's Representative: Joshua Malekan - Bridge Advisory Group
• Market: Upper East Side
• Square Footage: 8,500
• Price Per Square Foot: $376

Jeremy Conway, head of acquisitions for Pillow & Grand and associated with Arden Group International, noted that the buyer is the most active co-op buyer in NYC. This transaction marks the fourth co-op purchase for Pillow and Grand this year, comprising a total of 17 studio units. They are seeking additional co-op packages and multifamily/retail-driven assets in NYC and are prepared to transact quickly as cash buyers.